Power to the shareholders: how educating investors might make for a stronger economy

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The term “corporate governance” served as a form of kryptonite for several years in Wall Street circles, as the fast-moving, risk-taking culture found in huge financial institutions played a large role in the current recession from which we are slowly recovering. As publicly owned banks and investment firms were taking risks with shareholder-generated funds, shareholders were often left in the dark. Dating back to the seemingly halcyon days of Enron, WorldCom and Tyco, the functions of corporate governance have failed too many times over the past decade. Many CEO’s weren’t accountable to their boards and shareholders had little ability to affect change. There are some emerging signs of progress as regulators exert greater influence over corporate governance reform and executive compensation arrangements. How can investors better educate themselves and how can shareholders gain a greater and stronger voice?

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Patt Morrison is a live two-hour public affairs show. The program is known for its innovative discussions of local politics and culture, and for its presentation of national and world news as it affects Southern California.